Looking to diversify beyond GNOM.L? The ETFs below have the lowest correlation with GNOM.L — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from GNOM.L.
Best Diversifiers for GNOM.L
0 ETFs have low correlation with GNOM.L (below 0.3), 0 of which are negatively correlated. The least correlated is Global X SuperDividend UCITS ETF USD Distributing (SDIP.L) (Dividend) with a 1Y correlation of 0.33, down from 0.44 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X SuperDividend UCITS ETF USD Distributing | 0.33 | 0.44 | — | 64 | Dividend | GNOM.L vs SDIP.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.34 | 0.33 | — | 84 | Nasdaq-100, Options Trading | GNOM.L vs QYLP.L | |
| L&G Pharma Breakthrough UCITS ETF - USD Accumulati... | 0.75 | 0.73 | — | 67 | Health & Biotech Equities | GNOM.L vs BIOT.L | |
| iShares Nasdaq US Biotechnology UCITS ETF | 0.80 | 0.79 | — | 91 | Health & Biotech Equities | GNOM.L vs BTEK.L | |
| First Trust NYSE Arca Biotechnology UCITS ETF Acc | 0.82 | 0.79 | — | 82 | Health & Biotech Equities | GNOM.L vs FBT.L |
See all 10 diversifiers for GNOM.L
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